, Columnist
The Fed Needs to Get With the Times
Its dual mandate was fine in 1977. In 2020, not so much.
Federal Reserve Chairman Jerome Powell (left) has a mask and greeting game that are up to date. His job description, not so much.
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A lot has changed since 1977: cars, music, pants … pretty much everything, and not always for the best. What has not changed is the job description of the U.S. central bank, and that is definitely not for the best.